Takuma Co (6013) AI Stock Analysis

• Market Cap: ¥240.39B
• Dividend Yield: 3.11%
• Average Volume (3M): 212.20K
• Price to Earnings (P/E): 20.1
• Beta (1Y): 0.61
• Revenue Growth: 1.25%
• EPS Growth: -3.97%
• Country: JP
• Employees: 4,278
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Pollution & Treatment Controls
• EPS (TTM): 59.69
• Shares Outstanding: 80,536,800
• 10 Day Avg. Volume: 155,200
• 30 Day Avg. Volume: 212,200
• PEG Ratio: 0.67
• Price to Book (P/B): 1.33
• Price to Sales (P/S): 0.95
• P/FCF Ratio: -22.63
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 159.04
• Revenue Forecast (FY): ¥167.37B

• Rating: 69 Neutral
• Price Target: ¥3,340.00 ▲(50.99% Upside)
• Action: Downgraded Date: 02/28/26
• Date: Action: Downgraded 02/28/26

The score is driven primarily by solid financial stability and profitability, tempered by meaningful cash flow weakness. Technically, the trend is positive but indicators show overextended momentum, and valuation is moderate with a supportive dividend yield.

Positive Factors

Strong balance sheet

High equity ratio and low leverage give Takuma durable financial flexibility to underwrite large, multi-year EPC projects, support working capital during long construction cycles, and absorb timing mismatches without immediate external financing pressure.

Improving profit margins

Sustained gross and net margin improvement indicates stronger pricing, cost control or mix shift toward higher-margin services. Higher margins enhance the company's ability to fund reinvestment, pay dividends, and weather project cost variability over months to years.

Recurring service revenue

An installed base plus O&M, parts and retrofit work creates predictable, recurring cash flows and higher revenue visibility. This stabilizes earnings against lumpy EPC order intake and supports long-term customer relationships and lifecycle upsell opportunities.

Negative Factors

Negative free cash flow

Persistent negative FCF and weak operating cash conversion reduce internal funding for capex and working capital, forcing reliance on external financing or equity. Over months this constrains bidding capacity and increases vulnerability to project timing shocks.

Margin volatility

Variation in core profitability metrics signals sensitivity to project execution, input costs and contract mix. For an EPC-heavy business, recurring margin swings can materially affect multi-quarter earnings and undermine predictability of returns on new awards.

Order cyclicality risk

Dependence on public tenders and industrial capex creates cyclical, lumpy revenue. Changes in municipal budgets or industrial investment timing can delay projects for months, reducing revenue visibility and increasing backlog and utilization risk over the medium term.

Takuma Co Business Overview & Revenue Model

Company Description

Takuma Co (6013) is a Japanese company primarily engaged in the manufacturing and development of advanced industrial equipment and systems, particularly in the fields of energy, environmental technology, and industrial automation. The company focuses on providing innovative solutions that enhance operational efficiency and sustainability for various sectors including manufacturing, construction, and utilities. Takuma is known for its core products that include waste-to-energy systems, industrial boilers, and advanced control systems that cater to both domestic and international markets.

How the Company Makes Money

Takuma Co generates revenue through several key channels, including the sale of industrial equipment, maintenance services, and engineering solutions. The company's primary revenue streams consist of product sales from its waste-to-energy systems and industrial boilers, which are in high demand due to the growing emphasis on renewable energy and environmental sustainability. Additionally, Takuma earns income through long-term service contracts and maintenance agreements with clients, ensuring a steady cash flow. Strategic partnerships with other technology firms and participation in government-funded projects further bolster its revenue, as these collaborations often lead to large-scale contracts and enhanced market reach. Overall, the combination of innovative product offerings, service contracts, and strategic alliances contributes significantly to Takuma's financial performance.

Takuma Co Financial Statement Overview

Summary

Strong profitability and balance sheet strength (improving gross and net margins; high equity ratio and low leverage) are offset by weak cash generation, with negative free cash flow and a negative operating cash flow to net income ratio.

Income Statement

Takuma Co has shown consistent revenue growth, with a 1.34% increase in the latest year. Gross profit margin improved to 22.03%, and net profit margin increased to 6.87%, indicating strong profitability. However, fluctuating EBIT and EBITDA margins suggest potential volatility.

Balance Sheet

The company maintains a strong equity position, with an equity ratio of 56.95%. The debt-to-equity ratio is low, indicating low leverage and financial stability. Return on equity improved to 9.56%, reflecting efficient use of equity.

Cash Flow

Takuma Co's free cash flow remains negative, indicating cash flow challenges. The operating cash flow to net income ratio is also negative, highlighting operating cash flow issues. The company needs to improve cash generation to support operational and investment needs.

Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	149.28B	151.16B	149.17B	142.65B	134.09B	146.73B
Gross Profit	33.25B	33.30B	29.54B	31.55B	26.18B	26.80B
EBITDA	13.77B	16.88B	14.23B	15.24B	11.76B	11.75B
Net Income	9.36B	10.39B	8.75B	9.62B	7.43B	7.53B
Balance Sheet
Total Assets	175.19B	190.92B	191.18B	179.69B	174.53B	177.74B
Cash, Cash Equivalents and Short-Term Investments	61.53B	39.43B	45.34B	65.24B	42.98B	44.42B
Total Debt	583.00M	12.09B	753.00M	220.00M	300.00M	5.68B
Total Liabilities	69.22B	81.35B	80.18B	78.52B	80.18B	87.19B
Stockholders Equity	105.02B	108.73B	110.34B	100.60B	93.91B	90.14B
Cash Flow
Free Cash Flow	0.00	-6.37B	-17.73B	26.28B	7.43B	-4.03B
Operating Cash Flow	0.00	-4.07B	-12.22B	32.19B	9.00B	-1.68B
Investing Cash Flow	0.00	1.26B	-8.44B	-5.60B	-2.39B	-2.05B
Financing Cash Flow	0.00	938.00M	-3.38B	-4.28B	-9.11B	1.90B

Takuma Co Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2212.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6013, the sentiment is Positive. The current price of 2212 is below the 20-day moving average (MA) of 2747.70, below the 50-day MA of 2606.76, and below the 200-day MA of 2301.23, indicating a bullish trend. The MACD of 115.33 indicates Negative momentum. The RSI at 80.99 is Negative, neither overbought nor oversold. The STOCH value of 95.66 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6013.

Takuma Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6331	79 Outperform	¥89.41B	13.22	16.37%	2.79%	31.48%	16.11%
9551	76 Outperform	¥151.46B	18.11	12.54%	1.84%	13.86%	51.05%
6370	72 Outperform	¥979.16B	40.64	6.61%	1.58%	5.02%	-27.41%
6368	71 Outperform	¥796.17B	28.30	―	1.43%	7.87%	38.32%
6013	69 Neutral	¥240.39B	20.13	9.02%	3.11%	1.25%	-3.97%
7004	66 Neutral	¥183.36B	17.59	―	2.41%	2.47%	1.47%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%